Latest finance news – Page 76
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NewsThai retail group takes control of Selfridges
Thai retailer Central Group has taken control of Selfridges following problems at partner Signa, with which it bought the famous department store in a $5bn deal.
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NewsSteep fall in inflation helped by food price changes
Inflation fell to 4.6% in October, official data has shown.
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NewsAsda cuts debt as focus on low prices pays off
Asda has reported a rise in quarterly sales and reduced its debt burden.
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NewsExclusive: BRC warns ‘no town or city centre safe’ from business rates rise
The British Retail Consortium has warned that “no town or city centre in England is safe” as retail giants brace for an increase in business rates as part of the autumn statement next week.
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NewsPrivate equity group Aurelius snaps up Body Shop
Specialist beauty retailer The Body Shop has been sold to private equity group Aurelius.
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NewsDr Martens appoints new chief financial offer
Dr Martens has announced that Giles Wilson will join the footwear retailer as its new chief financial officer, hot on the heels of Jon Mortimore.
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NewsHammerson in talks to sell stake in Value Retail
UK shopping centre owner Hammerson is reportedly in talks to sell its 40% stake in Value Retail.
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NewsRevolution Beauty upgrades full year guidance
Revolution Beauty has upgraded its guidance for the full year as it posted a rise in profit and revenue in the six months to August 31.
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NewsDune sale process slows despite ‘multiple offers’
Footwear and accessories retailer Dune’s sale process has reportedly been delayed, despite offers from fashion giants Next and Aurelius among others.
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NewsPoundland yet to reach deal with 15 Wilko store landlords
Poundland has not yet reached an agreement with the landlords of more than 15 former Wilko sites, which it had intended to reopen under its own brand.
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NewsThe Range warns on outlook as sales slip
The Range has reported a decrease in sales and warned of a “severe but plausible downside” that could impact future sales.
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NewsUnder Armour lowers sales guidance after flat quarter
Sportswear retailer Under Armour has slashed its full-year sales outlook as a result of “challenges” in North America and flat revenues during its second quarter.
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NewsThe Works drops profit guidance by £4m
The Works has dropped its profit guidance by £4m as it anticipates taking a hit on prices to remain competitive in the eyes of bargain-hunting shoppers.
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NewsB&M raises profit outlook
B&M has upped its profit guidance for FY24, but said forecasting has been difficult against a volatile backdrop.
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NewsWHSmith sales and profits soar
WHSmith has reported soaring sales and profits off the back of strengthening footfall in its travel division.
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NewsOutlet Shopping at The O2 posts ‘strong’ sales month
Outlet Shopping at The O2 has recorded a “strong period of trading” in October as it remains on track for one of its “most successful years to date”.
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NewsPandora hails ‘strong growth’ and ups growth guidance
Jewellery specialist Pandora hailed “strong growth” during the third quarter as it reported a rise in revenue and upped its full-year growth guidance, despite a fall in profit.
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NewsBensons for Beds back in black
Bensons for Beds has made a return to profitability after bedding in its transformation strategy.
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NewsMarks & Spencer 'ambitious for future growth' despite cautious outlook
Marks and Spencer has reported soaring profits for the first half of the year but it expects a slower second half.
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NewsPrimark ‘doing Christmas better than ever before’, says ABF boss George Weston
Chief executive of Primark’s parent company ABF George Weston has said Christmas is going “better than ever before” as shoppers have started to spend early.